Wall Street rallies on trade optimism, lower inflation, and strong semiconductor stocks

From Nasdaq: 2025-05-16 13:09:00

Wall Street saw a boost this week from trade optimism, lower inflation data, and strength in semiconductor stocks. The S&P 500 and Nasdaq reclaimed key trendlines, while the Dow cut its 2025 deficit. Positive momentum was supported by upbeat earnings from retailers and optimism on U.S. trade negotiations, leading to a potential weekly win for Wall Street. On the earnings front, Under Armour impressed with a revenue beat, while Walmart slipped despite beating earnings expectations due to tariff concerns. Hertz Global sank after a weak first-quarter report, and American Eagle plunged after withdrawing its full-year outlook.

Novo Nordisk announced a C-suite shakeup, causing a slide in their stock, while Charter Communications rallied after a $53 billion merger with Altice USA. Foot Locker surged following a $1.1 billion buyout, and Axcelis Technologies jumped after unveiling a $300 million share buyback and a semiconductor deal with Saudi Arabia. Looking ahead, the economic calendar is lighter next week, but PMI data and Fed commentary could sway markets. Retail and tech earnings releases will provide insight into consumer and enterprise spending trends.



Read more at Nasdaq: Wall Street Rallies on Trade Winds, Soft Inflation